Personal Tax Services

TWP Accounting LLP is actively advising their non-domiciled and non-resident clients on tax changes, which are currently due to come into effect on 6 April 2008. 

While short-term visitors to the UK will not be affected, it has come as a shock to those living here for at least seven years to suddenly find their UK tax bills increasing substantially, says Mike Dawes, Private Client Tax Partner. 

For those who choose to remain in the UK there are a number of planning points, which need to be considered as soon as possible. 

At the same time there are new rules to work out if a person becomes treated as UK resident for tax purposes. 

These remove uncertainty following a tax case in the High Court last year, but will make it harder for a person who spends frequent periods in the UK to claim that they are not resident.